USPH / U.S. Physical Therapy, Inc. - SEC-Einreichungen, Jahresbericht, Proxy Statement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 19, 2026 U. S. PHYSICAL THERAPY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 19, 2026 U.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 7, 2026 U.S. PHYSICAL THERAPY,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 7, 2026 U.

U.S. Physical Therapy, Inc. Conference Call Transcript May 7, 2026 10:30 am ET Operator: Good day, and thank you for standing by. Welcome to the U.S. Physical Therapy First Quarter 2026 Earnings Conference Call. At this time, all participants are in

CONTACT: U.S. Physical Therapy, Inc. Jason Curtis, Interim Chief Financial Officer email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy, Inc. Conference Call Transcript May 7, 2026 10:30 am ET Operator: Good day, and thank you for standing by. Welcome to the U.S. Physical Therapy First Quarter

Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included among such statements may be those relating to new clinics, availability of personnel and the reim

CONTACT: U.S. Physical Therapy, Inc. Jason Curtis, Interim Chief Financial Officer email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.2 Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included among such statements may be

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2026 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHYSICA

U.S. Physical Therapy Reports Record First Quarter Revenue, Reaffirms Full Year Guidance

Exhibit 99.1 CONTACT: U.S. Physical Therapy, Inc. Jason Curtis, Interim Chief Financial Officer email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports Record First Quarter Revenue, Reaffirms Full Year Guidance Houston, TX, May 6, 2026 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE, NYS

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 6, 2026 U. S. PHYSICAL THERAPY,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 6, 2026 U.

ARS

2026 SHAREHOLDER LETTER April 16, 2026 Dear U.S. Physical Therapy Shareholder, I want to begin this letter by thanking our dedicated, partner-led teams from around the country. Everyday, our therapists show up making a tremendous difference in the lives of our patients. And to our injury prevention teams who are embedded in our nation’s largest and most important employers, by preventing and reduc

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant ☑ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) ☑ D

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of April 14, 2026 U. S. PHYSICAL THERAPY, INC., as the Borrower, BANK OF AMERICA, N.A., as Administrative Agent, Swingline Lender and L/C Issuer THE LENDERS PARTY HERETO REGIONS CAPITAL MARKETS, a

Exhibit 10.1 Published CUSIP Number: 90355KAD9 Revolver CUSIP Number: 90355KAE7 Term Loan CUSIP Number: 90355KAF4 FOURTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of April 14, 2026 among U. S. PHYSICAL THERAPY, INC., as the Borrower, BANK OF AMERICA, N.A., as Administrative Agent, Swingline Lender and L/C Issuer and THE LENDERS PARTY HERETO REGIONS CAPITAL MARKETS, a division of Regions Bank,

U.S. Physical Therapy Announces $450 Million Credit Facility

Exhibit 99.1 CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces $450 Million Credit Facility Houston, TX, April 15, 2026 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE, NYSE Texas: USPH), a natio

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 14, 2026 U. S. PHYSICAL THERA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 14, 2026 U.

U.S. PHYSICAL THERAPY, INC. 2026 DISCRETIONARY LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT (“Discretionary LTIP”)

Exhibit 99.2 U.S. PHYSICAL THERAPY, INC. 2026 DISCRETIONARY LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT (“Discretionary LTIP”) Purpose: To incentivize and retain Executives eligible for this Discretionary LTIP to achieve certain strategic, operational, business growth & development and other criteria and reward Executives when such criteria are achieved, and to align the long-term interests of

U.S. PHYSICAL THERAPY, INC. 2026 OBJECTIVE LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT (“Objective LTIP”)

Exhibit 99.1 U.S. PHYSICAL THERAPY, INC. 2026 OBJECTIVE LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT (“Objective LTIP”) Purpose: To incentivize and retain Executives eligible for this Objective LTIP, to achieve certain corporate earnings criteria and reward Executives when such criteria are achieved, and to align the long-term interests of Executives and shareholders of USPH by compensating the

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 9, 2026 U.S. PHYSICAL THERAPY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 9, 2026 U.

U.S. PHYSICAL THERAPY, INC. 2026 OBJECTIVE LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT (“OBJECTIVE BONUS PLAN”)

Exhibit 99.3 U.S. PHYSICAL THERAPY, INC. 2026 OBJECTIVE LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT (“OBJECTIVE BONUS PLAN”) Purpose: To incentivize and retain Executives eligible for this Objective Bonus Plan to achieve certain corporate earnings criteria and reward Executive Officers of USPH when such criteria are achieved, and to align the long-term interests of Executives and shareholders o

U.S. PHYSICAL THERAPY, INC. 2026 DISCRETIONARY CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT (“DISCRETIONARY BONUS PLAN”)

Exhibit 99.4 U.S. PHYSICAL THERAPY, INC. 2026 DISCRETIONARY CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT (“DISCRETIONARY BONUS PLAN”) Purpose: The purpose of this Discretionary Bonus Plan is to retain and incentivize the Executive Officers of USPH by providing an annual bonus opportunity to the Executives to reward them when certain individual and corporate subjective performance measures are achieve

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 6, 2026 U.S. PHYSICAL THERAPY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 6, 2026 U.

Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included among such statements may be those relating to new clinics, availability of personnel and the reim

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included among such statements may

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2026 U.S. PHYSICAL THE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2026 U.

U.S. Physical Therapy, Inc. Conference Call Transcript February 26, 2026 10:30 am ET

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy, Inc. Conference Call Transcript February 26, 2026 10:30 am ET Operator: Welcome to the U.S. Physical Therapy 4th Quarter 2025 and Full Year Earnings Confer

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHYSICAL THE

State of Formation

EXHIBIT 21.1 Name DBA State of Formation 1 On 1 Physical Therapy, LLC DE 2037953 Ontario, Inc. Canada Ability Health PT Management GP, LLC TX Ability Health Services and Rehabilitation, L.P. Ability Rehabilitation SST Rehab TX Achieve Management GP, LLC TX Achieve Physical Therapy and Performance, Limited Partnership TX Action Therapy Centers, Limited Partnership Action Physical Therapy Houston Ha

The Company’s authorized capital stock consists of 500,000 shares of preferred stock, par value $0.01 per share (the “Preferred Stock”), and 20,000,000 Common Stock.

EXHIBIT 4.1 The Company’s authorized capital stock consists of 500,000 shares of preferred stock, par value $0.01 per share (the “Preferred Stock”), and 20,000,000 Common Stock. The following is a summary of the material provisions of the Company’s Certificate of Incorporation, as amended (the “Certificate of Incorporation”) and Amended and Restated By-laws (the “By-laws”), insofar as they relate

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 25, 2026 U.S. PHYSICAL THE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 25, 2026 U.

U.S. Physical Therapy Reports Fourth Quarter and Full Year 2025 Results

Exhibit 99.1 CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports Fourth Quarter and Full Year 2025 Results Houston, TX, February 25, 2026 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE, NYSE Texas:

U.S. Physical Therapy Announces Strategic Alliance with NYU Langone Health

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy Announces Strategic Alliance with NYU Langone Health Houston, TX, February 2, 2026 – U.S. Physical Therapy, Inc. (“USPH”) (NYSE, NYSE Texas: USPH), a nation

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 2, 2026 U.S. PHYSICAL THER

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 2, 2026 U.

U.S. Physical Therapy Announces the Acquisition of an Industrial Injury Prevention Business

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.2 U.S. Physical Therapy Announces the Acquisition of an Industrial Injury Prevention Business Houston, TX, February 2, 2026 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 5, 2026 U.S. PHYSICAL THERA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 5, 2026 U.

U.S. Physical Therapy Announces the Acquisition of an Eight-Clinic Physical Therapy Management Services Company

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy Announces the Acquisition of an Eight-Clinic Physical Therapy Management Services Company Houston, TX, January 5, 2026 – U.S. Physical Therapy, Inc. (“USPH”

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 18, 2025 U.S. PHYSICAL THE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 18, 2025 U.

Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to opening of new clinics, availability of personnel and reimbursement env

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to

U.S. Physical Therapy, Inc. Conference Call Transcript November 6, 2025 10:30 am ET

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy, Inc. Conference Call Transcript November 6, 2025 10:30 am ET Operator: Good day and thank you for standing by. Welcome to the U.S. Physical Therapy Third Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 6, 2025 U.S. PHYSICAL THER

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 6, 2025 U.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHY

U.S. Physical Therapy Reports Third Quarter 2025 Results

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports Third Quarter 2025 Results Houston, TX, November 5, 2025 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE, NYSE Texas: USPH), a national operator of

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 5, 2025 U.S. PHYSICAL THER

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 5, 2025 U.

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144 0001124500 XXXXXXXX LIVE 0000885978 U.S. Physical Therapy, Inc. 001-11151 1300 West Sam Houston Parkway South Suite 300 Houston TX 77042 713-297-7000 Nancy Ham Affiliate Common J.P. Morgan Securities LLC 390 Madison Avenue Floor 6 New York NY 10017 600 49026 15094987 09/11/2025 NYSE Common 08/20/2025 Vesting of Restricted Stock Grants - Grants issued from 05/16/2023 through 05/20/2025) US Phys

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144 0001871391 XXXXXXXX LIVE 0000885978 US PHYSICAL THERAPY, INC 001-11151 1300 WEST SAM HOUSTON PARKWAY SOUTH Suite 300 HOUSTON TX 77042 713-297-7000 ERIC WILLIAMS Officer Common Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004 1000 85250.

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144 0001270356 XXXXXXXX LIVE 0000885978 US Physical Therapy 001-11151 1300 W SAM HOUSTON PARKWAY S, SUITE 300 Houston TX 77042 (713) 297-7000 Chris Reading Director Officer Common UBS Financial Services Inc 1000 Harbor Blvd 3rd Floor Weehawken NJ 07086 2000 165127.

Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to opening of new clinics, availability of personnel and reimbursement env

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 12, 2025 U.S. PHYSICAL THERA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 12, 2025 U.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 11, 2025 U.S. PHYSICAL THERA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 11, 2025 U.

U.S. Physical Therapy, Inc. Conference Call Transcript August 7, 2025 10:30 am ET

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy, Inc. Conference Call Transcript August 7, 2025 10:30 am ET Operator: Good day, and thank you for standing by. Welcome to the U.S. Physical Therapy second q

AMENDMENT TO THE AMENDED AND RESTATED BYLAWS OF U.S. PHYSICAL THERAPY, INC.

Exhibit 3.2 AMENDMENT TO THE AMENDED AND RESTATED BYLAWS OF U.S. PHYSICAL THERAPY, INC. This Amendment (this “Amendment”) to the Amended and Restated Bylaws (the “Bylaws”) of U.S. Physical Therapy, Inc., a Nevada corporation (the “Company”), is effective as of August 5, 2025 and is made pursuant to Section 8.14 of the Bylaws. 1. Article Two of the Bylaws is hereby amended by adding a new Section 2

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHYSICAL

U.S. Physical Therapy Reports Second Quarter 2025 Results Reports All-time Record Patient Visits Raises Full Year 2025 Guidance

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports Second Quarter 2025 Results Reports All-time Record Patient Visits Raises Full Year 2025 Guidance Houston, TX, August 6, 2025 – U.S. Physical Therapy, Inc. (“USP

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 7, 2025 U.S. PHYSICAL THERAP

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 7, 2025 U.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 1, 2025 U.S. PHYSICAL THERAP

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 1, 2025 U.

U.S. Physical Therapy Announces the Acquisition of a Three-Clinic Physical Therapy Practice

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy Announces the Acquisition of a Three-Clinic Physical Therapy Practice Houston, TX, August 1, 2025 – U.S. Physical Therapy, Inc. (the “Company”) (NYSE: USPH)

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 1, 2025 U.

U.S. Physical Therapy, Inc.

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 Please see attached PDF.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 U.S. Physical Therapy, Inc. (Exact name of regi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 U.S. Physical Therapy, Inc. (Exact name of registrant as specified in its charter) Nevada 76-0364866 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification N

NYSE TEXAS CERTIFICATION

New York Stock Exchange 11 Wall Street New York, NY 10005 Tel: +1 212.656.3000 nyse.com May 28, 2025 Chief, Information Technology Securities and Exchange Commission Division of Corporate Finance 100 F Street, NE MS 3040 Washington, DC 20549 To whom it may concern: The NYSE Texas certifies its approval for listing and registration of the Common Stock, $0.01 par value per share, of U.S. Physical Th

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 28, 2025 U.

U.S. Physical Therapy Announces Dual Listing on NYSE Texas

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy Announces Dual Listing on NYSE Texas Houston, TX, May 28, 2025 – U.S. Physical Therapy, Inc. (the “Company”) (NYSE: USPH), a national operator of outpatient

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 20, 2025 U.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 12, 2025 U.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 8, 2025 U.

U.S. Physical Therapy, Inc. Conference Call Transcript May 8, 2025 10:30 am ET

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy, Inc. Conference Call Transcript May 8, 2025 10:30 am ET Operator: Good day, everyone, and thank you for standing by. Welcome to the US Physical Therapy Fir

Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to opening of new clinics, availability of personnel and reimbursement env

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHYSICA

U. S. PHYSICAL THERAPY, INC November 1, 2021

Exhibit 19.1 U. S. PHYSICAL THERAPY, INC November 1, 2021 TO: All Employees, Officers and Directors FROM: Chief Financial Officer and General Counsel SUBJECT: U. S. Physical Therapy, Inc. Insider Trading Policy Background The board of directors of U. S. Physical Therapy, Inc. (the “Company”) has adopted the Company’s Insider Trading Policy for directors, officers and employees of the Company and/o

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 7, 2025 U.

U.S. Physical Therapy Reports First Quarter 2025 Results Reports Record First Quarter Patient Volume

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports First Quarter 2025 Results Reports Record First Quarter Patient Volume Houston, TX, May 7, 2025 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: US

U.S. Physical Therapy Announces the Acquisition of an Outpatient Home Care Physical and Speech Therapy Practice

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy Announces the Acquisition of an Outpatient Home Care Physical and Speech Therapy Practice Houston, TX, April 30, 2025 – U.S. Physical Therapy, Inc. (the Com

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 30, 2025 U.S. PHYSICAL THERAP

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 30, 2025 U.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant ☑ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) ☑ D

ARS

2025 SHAREHOLDER LETTER April 11, 2025 Dear U.S. Physical Therapy Shareholder, 2024 was another successful year of growth amid a diffi cult operating environment. As always, it is important that I recognize our incredible clinicians around the country, who delivered life-improving results through more than 5.3 million patient interactions in 2024. It is clear that our patients and referral sources

U.S. PHYSICAL THERAPY, INC. 2025 DISCRETIONARY CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT (“DISCRETIONARY BONUS PLAN”)

Exhibit 99.4 U.S. PHYSICAL THERAPY, INC. 2025 DISCRETIONARY CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT (“DISCRETIONARY BONUS PLAN”) Purpose: The purpose of this Discretionary Bonus Plan is to retain and incentivize the Executive Officers of USPH by providing an annual bonus opportunity to the Executives to reward them when certain individual and corporate subjective performance measures are achieve

U.S. PHYSICAL THERAPY, INC. 2025 DISCRETIONARY LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT

Exhibit 99.2 U.S. PHYSICAL THERAPY, INC. 2025 DISCRETIONARY LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT Purpose: To incentivize Executives eligible for this Discretionary LTIP to achieve certain strategic, operational, business growth & development and other criteria and reward Executives when such criteria are achieved, and to align the long-term interests of Executives and shareholders of USP

U.S. PHYSICAL THERAPY, INC. 2025 OBJECTIVE CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT (“OBJECTIVE BONUS PLAN”)

Exhibit 99.3 U.S. PHYSICAL THERAPY, INC. 2025 OBJECTIVE CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT (“OBJECTIVE BONUS PLAN”) Purpose: To incentivize and retain Executives eligible for this Objective Bonus Plan to achieve certain corporate earnings criteria and reward Executive Officers of USPH when such criteria are achieved, and to align the long-term interests of Executives and shareholders of USP

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 26, 2025 U.

U.S. PHYSICAL THERAPY, INC. 2025 OBJECTIVE LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT (“OBJECTIVE LTIP”)

Exhibit 99.1 U.S. PHYSICAL THERAPY, INC. 2025 OBJECTIVE LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT (“OBJECTIVE LTIP”) Purpose: To incentivize and retain Executives eligible for this Objective LTIP, to achieve certain corporate earnings criteria and reward Executives when such criteria are achieved, and to align the long-term interests of Executives and shareholders of USPH by compensating the

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 7, 2025 U.

Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to opening of new clinics, availability of personnel and reimbursement env

Exhibit 99.1 Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to opening of new clinics, availability of personnel and reimbursement environment. The forward-looking statements are based on the Company’s current views and assumptions and the Company’s actual results could

AMENDMENT TO RESTRICTED STOCK AGREEMENTS

Exhibit 10.38 AMENDMENT TO RESTRICTED STOCK AGREEMENTS This Amendment to Restricted Stock Agreements (“Amendment”) is being entered into as of February 25, 2025, by and between U.S. Physical Therapy, Inc., a corporation organized under the laws of the State of Nevada (the “Company”), and , an employee of the Company (“Grantee”). WHEREAS, the Company previously made grants of Restricted Stock to Gr

U.S. Physical Therapy Fourth Quarter and Year Ended December 31, 2024 Conference Call Transcript February 27, 2025 / 10:30 am ET

Exhibit 99.2 U.S. Physical Therapy Fourth Quarter and Year Ended December 31, 2024 Conference Call Transcript February 27, 2025 / 10:30 am ET Operator: Good day, and thank you for standing by. Welcome to the U.S. Physical Therapy fourth Quarter 2024 and Full Year Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker’s presentation, there will be a ques

EQUITY INTEREST PURCHASE AGREEMENT by and among U.S. PHYSICAL THERAPY, LTD., as Buyer MSO METRO LLC, as the Company, THE EQUITYHOLDERS OF THE COMPANY SIGNATORY HERETO, as Sellers MICHAEL G. MAYRSOHN, as Sellers’ Representative

Execution Version Exhibit 10.36 EQUITY INTEREST PURCHASE AGREEMENT by and among U.S. PHYSICAL THERAPY, LTD., as Buyer MSO METRO LLC, as the Company, THE EQUITYHOLDERS OF THE COMPANY SIGNATORY HERETO, as Sellers AND MICHAEL G. MAYRSOHN, as Sellers’ Representative 1 TABLE OF CONTENTS Page ARTICLE I. PURCHASE OF TRANSFERRED INTERESTS 1 1.1 Transfer of Transferred Interests 1 1.2 Delivery of Closing P

The Company’s authorized capital stock consists of 500,000 shares of preferred stock, par value $0.01 per share (the “Preferred Stock”), and 20,000,000 Common Stock.

EXHIBIT 4.1 The Company’s authorized capital stock consists of 500,000 shares of preferred stock, par value $0.01 per share (the “Preferred Stock”), and 20,000,000 Common Stock. The following is a summary of the material provisions of the Company’s Certificate of Incorporation, as amended (the “Certificate of Incorporation”) and Amended and Restated By-laws (the “By-laws”), insofar as they relate

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHYSICAL THE

State of Formation

Exhibit 21.1 Name DBA State of Formation 1 On 1 Physical Therapy, LLC DE 2037953 Ontario, Inc. Canada Ability Health PT Management GP, LLC TX Ability Health Services and Rehabilitation, L.P. Ability Rehabilitation SST Rehab TX Achieve Management GP, LLC TX Achieve Physical Therapy and Performance, Limited Partnership TX Action Therapy Centers, Limited Partnership Action Physical Therapy Houston Ha

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 27, 2025 U.

RESTRICTED STOCK AGREEMENT

Exhibit 10.39 RESTRICTED STOCK AGREEMENT THIS RESTATED RESTRICTED STOCK AGREEMENT (this “Agreement”) is made and entered into by and between U.S. Physical Therapy, Inc., a corporation organized under the laws of the State of Nevada (the “Company”) and an employee of the Company (“Grantee”) on , 2025 (the “Grant Date”), pursuant to the U.S. Physical Therapy, Inc. 2003 Stock Incentive Plan (the “Pla

U.S. Physical Therapy Announces the Acquisition of a Three-Clinic Physical Therapy Practice

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy Announces the Acquisition of a Three-Clinic Physical Therapy Practice Houston, TX, March 3, 2025 – U.S. Physical Therapy, Inc. (the Company”) (NYSE: USPH),

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2025 U.

U.S. Physical Therapy Reports Fourth Quarter and Full Year 2024 Results Reports Record Quarterly Patient Volume Company Provides 2025 Earnings Guidance Houston, TX, February 26, 2025 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports Fourth Quarter and Full Year 2024 Results Reports Record Quarterly Patient Volume Company Provides 2025 Earnings Guidance Houston, TX, February 26, 2025 – U.S. P

AGREEMENT JOINT FILING OF SCHEDULE 13G

AGREEMENT JOINT FILING OF SCHEDULE 13G Kayne Anderson Rudnick Investment Management, LLC (an investment adviser registered under the Investment Advisers Act of 1940), and Virtus Investment Advisers, LLC (an investment adviser registered under the Investment Advisers Act of 1940), hereby agree to file jointly the statement on Schedule 13G to which this Agreement is attached, and any amendments thereto which may be deemed necessary, pursuant to Regulation 13D-G under the Securities Exchange Act of 1934.

EX-99.1 CHARTER

EX-99.1 CHARTER 2 EXHIBITNO.99.1.txt EXHIBIT NO. 99.1 TO SCHEDULE 13G JOINT FILING AGREEMENT CUSIP No.90337L108 13G - EXHIBIT NO. 99.1 TO SCHEDULE 13G JOINT FILING AGREEMENT - February 05, 2025 - MORGAN STANLEY, Calvert Research and Management and Calvert Impact Fund, Inc. - Calvert Small-Cap Fund hereby agree that, unless differentiated, this Schedule 13G is filed on behalf of each of the parties

EX-99.2 OPIN COUNSEL

EX-99.2 OPIN COUNSEL 3 EXHIBITNO.99.2.txt EXHIBIT NO. 99.2 ITEM 7 INFORMATION CUSIP No.90337L108 13G - EXHIBIT NO. 99.2 - ITEM 7 INFORMATION The securities being reported on by Morgan Stanley as a parent holding company are owned, or may be deemed to be beneficially owned, by Calvert Research and Management, , a wholly-owned subsidiary of Morgan Stanley, as well as Calvert Impact Fund, Inc. - Calv

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 2, 2024 U.

U.S. Physical Therapy Announces the Acquisition of an Eight-Clinic Hand and Physical Therapy Practice

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces the Acquisition of an Eight-Clinic Hand and Physical Therapy Practice Houston, TX, December 2, 2024 – U.S. Physical Therapy, Inc. (the Company”) (NYSE: USPH),

USPH / U.S. Physical Therapy, Inc. / KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Passive Investment

SC 13G/A 1 fp0090889-29sc13ga.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (AMENDMENT NO. 7)* U.S. PHYSICAL THERAPY, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 90337L108 (CUSIP Number) Septem

U.S. Physical Therapy to Present at the Stephens Annual Investment Conference and 16th Annual Southwest IDEAS Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the Stephens Annual Investment Conference and 16th Annual Southwest IDEAS Conference Houston, TX, November 12, 2024 – U.S. Physical Therapy, Inc. (the “Com

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 12, 2024 U.

SECOND AMENDMENT

EXHIBIT 10.1 SECOND AMENDMENT THIS SECOND AMENDMENT (this “Amendment”) dated as of September 27, 2024 to the Credit Agreement referenced below is by and among U. S. PHYSICAL THERAPY, INC., a Nevada corporation (the “Borrower”), the Guarantors identified on the signature pages hereto, the Lenders identified on the signature pages hereto, and BANK OF AMERICA, N.A., as Administrative Agent. W I T N E

Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to opening of new clinics, availability of personnel and reimbursement env

Exhibit 99.2 Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to opening of new clinics, availability of personnel and reimbursement environment. The forward-looking statements are based on the Company’s current views and assumptions and the Company’s actual results could

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 6, 2024 U.S. PHYSICAL THER

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 6, 2024 U.

U.S. Physical Therapy, Inc. Conference Call Transcript November 6, 2024 10:30 am ET

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy, Inc. Conference Call Transcript November 6, 2024 10:30 am ET Operator: Good day and thank you for standing by. Welcome to the US Physical Therapy 3rd Quart

U.S. Physical Therapy Reports Third Quarter 2024 Results Reports Record Quarterly Patient Volume Houston, TX, November 5, 2024 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH), a national operator of outpatient physical therapy cl

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports Third Quarter 2024 Results Reports Record Quarterly Patient Volume Houston, TX, November 5, 2024 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: U

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 5, 2024 U.

U.S. Physical Therapy Completes Acquisition of 50-Clinic Physical Therapy Practice

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Completes Acquisition of 50-Clinic Physical Therapy Practice Houston, TX, October 31, 2024, 2024 - U.S. Physical Therapy, Inc. (“USPH”) (NYSE: USPH), a national operator

Regulation FD Disclosure, Unregistered Sales of Equity Securities, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 31, 2024 U.

USPH / U.S. Physical Therapy, Inc. / Copeland Capital Management, LLC - SC 13G Passive Investment

SC 13G 1 usphysical-sc13g.htm SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* US Physical Therapy (Name of Issuer) Common Stock (Title of Class of Securities) 90337L108 (CUSIP Number) September 30, 2024 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designat

U.S. Physical Therapy Announces Acquisition of 50-Clinic Physical Therapy Management Services Organization

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces Acquisition of 50-Clinic Physical Therapy Management Services Organization Houston, TX, October 7, 2024 - U.S. Physical Therapy, Inc. ("USPH") (NYSE: USPH), a

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 7, 2024 U.S. PHYSICAL THERA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 7, 2024 U.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 3, 2024 U.

U.S. Physical Therapy Announces the Acquisition of an Eight-Clinic Physical Therapy Practice

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces the Acquisition of an Eight-Clinic Physical Therapy Practice Houston, TX, September 3, 2024 - U.S. Physical Therapy, Inc. (the “Company”) (NYSE: USPH), a natio

U.S. Physical Therapy to Present at the 15th Annual Midwest IDEAS Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the 15th Annual Midwest IDEAS Conference Houston, TX, August 21, 2024 - U.S. Physical Therapy, Inc. (the “Company) (NYSE: USPH), a national operator of out

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 21, 2024 U.

Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to opening of new clinics, availability of personnel and reimbursement env

Exhibit 99.2 Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to opening of new clinics, availability of personnel and reimbursement environment. The forward-looking statements are based on the Company’s current views and assumptions and the Company’s actual results could

U.S. Physical Therapy, Inc. Conference Call Transcript August 14, 2024; 10:30 am ET

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy, Inc. Conference Call Transcript August 14, 2024; 10:30 am ET Operator: Good day and thank you for standing by. Welcome to the U.S. Physical Therapy second

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 14, 2024 U.

U.S. Physical Therapy Reports Second Quarter 2024 Results Reports All-Time High Quarterly Patient Volume Management Updates Guidance Houston, TX, August 13, 2024 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH), a national operato

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports Second Quarter 2024 Results Reports All-Time High Quarterly Patient Volume Management Updates Guidance Houston, TX, August 13, 2024 – U.S. Physical Therapy, Inc.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 13, 2024 U.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHYSICAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 12b-25 NOTIFICATION OF LATE FILING (Check one): ☐Form 10-K ☐Form 20-F ☐Form 11-K ☒ Form 10-Q ☐ Form N-SAR ☐Form N-CSR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 12b-25 NOTIFICATION OF LATE FILING (Check one): ☐Form 10-K ☐Form 20-F ☐Form 11-K ☒ Form 10-Q ☐ Form N-SAR ☐Form N-CSR For Period Ended: June 30, 2024.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 3, 2024 U.

U.S. Physical Therapy to Present at the CJS Securities 24th Annual New Ideas Summer Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the CJS Securities 24th Annual New Ideas Summer Conference Houston, TX, July 3, 2024 – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of out

U.S. Physical Therapy to Present at the 14th Annual East Coast IDEAS Conference 2024

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the 14th Annual East Coast IDEAS Conference 2024 Houston, TX, June 5, 2024 - U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient ph

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 5, 2024 U.

FIRST AMENDMENT TO THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT

Exhibit 99.1 FIRST AMENDMENT TO THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT THIS FIRST AMENDMENT TO THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Amendment”) is made and entered into as of the 27th day of May, 2024 (“Effective Date”), by and between U.S. Physical Therapy, Inc. (the “Company”) and Chris Reading (“Employee”). R E C I T A L S WHEREAS, the Company and Employee have entered int

FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT

Exhibit 99.5 FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT THIS FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Amendment”) is made and entered into as of the 27th day of May, 2024 (“Effective Date”), by and between U.S. Physical Therapy, Inc. (the “Company”) and Richard Binstein (“Employee”). R E C I T A L S WHEREAS, the Company and Employee have entered into that ce

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

Exhibit 99.4 FIRST AMENDMENT TO EMPLOYMENT AGREEMENT THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is made and entered into as of the 27th day of May, 2024 (“Effective Date”), by and between U.S. Physical Therapy, Inc. (the “Company”) and Carey Hendrickson (“Employee”). R E C I T A L S WHEREAS, the Company and Employee have entered into that certain Employment Agreement, dated as of N

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Entry into a Material Definitive Agreement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 27, 2024 U.

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

Exhibit 99.2 FIRST AMENDMENT TO EMPLOYMENT AGREEMENT THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is made and entered into as of the 27th day of May, 2024 (“Effective Date”), by and between U.S. Physical Therapy, Inc. (the “Company”) and Eric Williams (“Employee”). R E C I T A L S WHEREAS, the Company and Employee have entered into that certain Employment Agreement, dated as of Decem

FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT

Exhibit 99.3 FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT THIS FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Amendment”) is made and entered into as of the 27th day of May, 2024 (“Effective Date”), by and between U.S. Physical Therapy, Inc. (the “Company”) and Graham Reeve (“Employee”). R E C I T A L S WHEREAS, the Company and Employee have entered into that certai

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 30, 2024 U.

U.S. Physical Therapy to Present at the Jefferies Global Healthcare Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the Jefferies Global Healthcare Conference Houston, TX, May 30, 2023 U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical t

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 21, 2024 U.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 9, 2024 U.

U.S. Physical Therapy to Present at the Bank of America Securities Healthcare Conference 2024

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the Bank of America Securities Healthcare Conference 2024 Houston, TX, May 9, 2023 – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpa

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 8, 2024 U.

U.S. Physical Therapy, Inc. Conference Call Transcript May 8, 2024;10:30 am ET

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy, Inc. Conference Call Transcript May 8, 2024;10:30 am ET Operator: Good day, and thank you for standing by. Welcome to the U.S. Physical Therapy First Quarter 2024 Earni

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHYSICA

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 7, 2024 U.

U.S. Physical Therapy Reports First Quarter 2024 Results Management Raises Full Year 2024 Guidance

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports First Quarter 2024 Results Management Raises Full Year 2024 Guidance Houston, TX, May 7, 2024 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 6, 2024 U.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 2, 2024 U.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 1, 2024 U.

U.S. Physical Therapy Announces Acquisitions The Company Acquired an Industrial Injury Prevention Business and a Physical Therapy Practice

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces Acquisitions The Company Acquired an Industrial Injury Prevention Business and a Physical Therapy Practice Houston, TX, May 1, 2024 – U.S. Physical Therapy, In

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant ☑ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) ☑ D

ARS

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 1, 2024 U.

U.S. Physical Therapy Announces Acquisition of a Nine-Clinic Physical Therapy And Hand Therapy Practice

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces Acquisition of a Nine-Clinic Physical Therapy And Hand Therapy Practice Houston, TX, April 1, 2024 – U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYS

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 8, 2024 U.

U.S. Physical Therapy Announces Change in Medicare Rate Reduction for the Remainder of 2024

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces Change in Medicare Rate Reduction for the Remainder of 2024 Houston, TX, March 11, 2024 – U.S. Physical Therapy, Inc. (“USPH" or the “Company”) (NYSE: USPH), r

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 9, 2024 U.

U.S. Physical Therapy to Present at the Oppenheimer 34th Annual Healthcare MedTech & Services Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the Oppenheimer 34th Annual Healthcare MedTech & Services Conference Houston, TX, March 8, 2024 – U.S. Physical Therapy, Inc. (NYSE: USPH) (the “Company”),

U.S. PHYSICAL THERAPY, INC. 2024 DISCRETIONARY LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT (“DISCRETIONARY LTIP”)

Exhibit 99.2 U.S. PHYSICAL THERAPY, INC. 2024 DISCRETIONARY LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT (“DISCRETIONARY LTIP”) Purpose: To incentivize Executives eligible for this Discretionary LTIP to achieve certain strategic, operational, business growth & development and other criteria and reward Executives when such criteria are achieved, and to align the long-term interests of Executives

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 6, 2024 U.

U.S. PHYSICAL THERAPY, INC. 2024 OBJECTIVE LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT (“OBJECTIVE LTIP”)

Exhibit 99.1 U.S. PHYSICAL THERAPY, INC. 2024 OBJECTIVE LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT (“OBJECTIVE LTIP”) Purpose: To incentivize and retain Executives eligible for this Objective LTIP, to achieve certain corporate earnings criteria and reward Executives when such criteria are achieved, and to align the long-term interests of Executives and shareholders of USPH by compensating the

U.S. PHYSICAL THERAPY, INC. 2024 DISCRETIONARY CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT (“DISCRETIONARY BONUS PLAN”)

Exhibit 99.4 U.S. PHYSICAL THERAPY, INC. 2024 DISCRETIONARY CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT (“DISCRETIONARY BONUS PLAN”) Purpose: The purpose of this Discretionary Bonus Plan is to retain and incentivize the Executive Officers of USPH by providing an annual bonus opportunity to the Executives to reward them when certain individual and corporate subjective performance measures are achieve

U.S. PHYSICAL THERAPY, INC. 2024 OBJECTIVE CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT (“OBJECTIVE BONUS PLAN”)

Exhibit 99.3 U.S. PHYSICAL THERAPY, INC. 2024 OBJECTIVE CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT (“OBJECTIVE BONUS PLAN”) Purpose: To incentivize and retain Executives eligible for this Objective Bonus Plan to achieve certain corporate earnings criteria and reward Executive Officers of USPH when such criteria are achieved, and to align the long-term interests of Executives and shareholders of USP

U.S. Physical Therapy Fourth Quarter and Year Ended December 31, 2023 Conference Call February 29, 2024

U.S. Physical Therapy Fourth Quarter and Year Ended December 31, 2023 Conference Call February 29, 2024 Operator: Good day and thank you for standing by. Welcome to the U.S. Physical Therapy 4th Quarter 2023 and Full Year Earnings Conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. In order to ask

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 29, 2024 U.S. PHYSICAL THE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 29, 2024 U.

Entity Type

EXHIBIT 21.1 Notes Name DBA Entity Type State of Formation Date of Formation Foreign Qualification General Partner (LP)/BOD (corp)/Manging Member or Board of Managers (LLC) Tax ID 1 On 1 Physical Therapy, LLC LLC DE 1/13/2022 2037953 Ontario, Inc. Corp Canada Briotix Health, LP Ability Health PT Management GP, LLC LLC TX FL Rehab Partners #4, Inc. 81-4216526 Ability Health Services and Rehabilitat

U.S. Physical Therapy, Inc. Compensation Clawback Policy November 14, 2023

EXHIBIT 97.1 U.S. Physical Therapy, Inc. Compensation Clawback Policy November 14, 2023 1. Purpose and Scope. U.S. Physical Therapy, Inc. (the “Company”) has adopted this compensation Clawback Policy (the “Policy”) to comply with Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”), as codified by Section 10D of the Securities Exchange Act of 1934, as

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHYSICAL THE

The Company’s authorized capital stock consists of 500,000 shares of preferred stock, par value $0.01 per share (the “Preferred Stock”), and 20,000,000 Common Stock.

EXHIBIT 4.1 The Company’s authorized capital stock consists of 500,000 shares of preferred stock, par value $0.01 per share (the “Preferred Stock”), and 20,000,000 Common Stock. The following is a summary of the material provisions of the Company’s Certificate of Incorporation, as amended (the “Certificate of Incorporation”) and Amended and Restated By-laws (the “By-laws”), insofar as they relate

U.S. Physical Therapy Reports Fourth Quarter and Full Year 2023 Results Company Provides 2024 Guidance Houston, TX, February 28, 2024 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH), a national operator of outpatient physical the

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports Fourth Quarter and Full Year 2023 Results Company Provides 2024 Guidance Houston, TX, February 28, 2024 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 28, 2024 U.S. PHYSICAL THE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 28, 2024 U.

USPH / U.S. Physical Therapy, Inc. / T. Rowe Price Investment Management, Inc. Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ) U.S. PHYSICAL THERAPY INC (Name of Issuer) COMMON STOCK (Title of Class of Securities) 90337L108 (CUSIP NUMBER) December 31, 2023 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Sche

USPH / U.S. Physical Therapy, Inc. / MORGAN STANLEY - MS AMENDMENT Passive Investment

SC 13G/A 1 USPhysicalTherapyUSPH.txt MS AMENDMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.1)* U S PHYSICAL THERAPY INC /NV - (Name of Issuer) Common Stock - (Title of Class of Securities) 90337L108 - (CUSIP Number) December 31, 2023 - (Date Of Event which Requires Filing of this Statement) Check th

USPH / U.S. Physical Therapy, Inc. / KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (AMENDMENT NO. 6)* U.S. PHYSICAL THERAPY, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 90337L108 (CUSIP Number) December 31, 2023 (Date of Event which R

USPH / U.S. Physical Therapy, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv02179-usphysicaltherapyinc.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 6)* Name of issuer: US Physical Therapy Inc Title of Class of Securities: Common Stock CUSIP Number: 90337L108 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to

USPH / U.S. Physical Therapy, Inc. / BlackRock Inc. Passive Investment

SC 13G/A 1 us90337l1089012224.txt us90337l1089012224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) U S PHYSICAL THERAPY INC - (Name of Issuer) Common Stock - (Title of Class of Securities) 90337L108 - (CUSIP Number) December 31, 2023 - (Date of Event Which Requires Filing of this Statement) Check the appropria

U.S. Physical Therapy to Present at the 42nd Annual J.P. Morgan Healthcare Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the 42nd Annual J.P. Morgan Healthcare Conference Houston, TX, January 9, 2024 – U.S. Physical Therapy, Inc. (NYSE: USPH) (the “Company”), a national opera

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 9, 2024 U.S. PHYSICAL THERA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 9, 2024 U.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 9, 2023 U.

U.S. Physical Therapy to Present at the Stephens Annual Investment Conference and the 15th Annual Southwest IDEAS Investor Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the Stephens Annual Investment Conference and the 15th Annual Southwest IDEAS Investor Conference Houston, TX, November 9, 2023 – U.S. Physical Therapy, In

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHY

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 7, 2023 U.

U.S. Physical Therapy Reports Third Quarter 2023 Results Reports Record-High Third Quarter Patient Volume Houston, TX, November 7, 2023 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH), a national operator of outpatient physical t

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports Third Quarter 2023 Results Reports Record-High Third Quarter Patient Volume Houston, TX, November 7, 2023 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”)

U.S. Physical Therapy Announces Acquisition of an Industrial Injury Prevention Services and Ergonomics Software Business

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces Acquisition of an Industrial Injury Prevention Services and Ergonomics Software Business Houston, TX, November 1, 2023 – U.S. Physical Therapy, Inc. ("USPH" or

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 1, 2023 U.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 2, 2023 U.

U.S. Physical Therapy Announces Acquisition of Two Physical Therapy Practices Company Has Purchased 54 Clinics over the Last Twelve Months

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces Acquisition of Two Physical Therapy Practices Company Has Purchased 54 Clinics over the Last Twelve Months Houston, TX, October 2, 2023 – U.S. Physical Therapy

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 22, 2023 U.

August 2023 Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to opening of new clinics, availability of personnel and reimb

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 August 2023 Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 U.

U.S. Physical Therapy to Present at the 2023 Midwest IDEAS Investor Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the 2023 Midwest IDEAS Investor Conference Houston, TX, August 16, 2023 – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physi

U.S. Physical Therapy Reports Second Quarter 2023 Results Reports All-Time High Quarterly Patient Volume Houston, TX, August 8, 2023 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH), a national operator of outpatient physical ther

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports Second Quarter 2023 Results Reports All-Time High Quarterly Patient Volume Houston, TX, August 8, 2023 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (N

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 8, 2023 U.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHYSICAL

U.S. Physical Therapy Announces Acquisition of a Five-Clinic Physical Therapy Practice

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces Acquisition of a Five-Clinic Physical Therapy Practice Houston, TX, August 1, 2023 – U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USPH), a nati

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 1, 2023 U.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 7, 2023 U.S. PHYSICAL THERAPY,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 7, 2023 U.

U.S. Physical Therapy to Present at the CJS Securities 23rd Annual New Ideas Summer Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the CJS Securities 23rd Annual New Ideas Summer Conference Houston, TX, July 7, 2023 –U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outp

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 31, 2023 U.S. PHYSICAL THERAPY,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 31, 2023 U.

U.S. Physical Therapy Announces Acquisition of a Four-Clinic Physical Therapy Practice

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces Acquisition of a Four-Clinic Physical Therapy Practice Houston, TX, May 31, 2023 – – U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USPH), a nati

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 30, 2023 U.S. PHYSICAL THERAPY,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 30, 2023 U.

U.S. Physical Therapy to Present at the Jefferies Healthcare Conference 2023

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the Jefferies Healthcare Conference 2023 Houston, TX, May 30, 2023 – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical t

U.S. Physical Therapy Announces $150 Million Underwritten Public Offering of Common Stock

Exhibit 99.1 CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces $150 Million Underwritten Public Offering of Common Stock HOUSTON, May 23, 2023 – U.S. Physical Therapy, Inc. (NYSE: USPH) (“U.S. Physical Therapy

Calculation of Filing Fee Tables U.S. Physical Therapy, Inc.

Exhibit 107 Calculation of Filing Fee Tables 424(b)(5) U.S. Physical Therapy, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Equity

1,666,667 Shares

TABLE OF CONTENTS Filed pursuant to Rule 424(b)(5) Registration Statement No. 333-272147 PROSPECTUS SUPPLEMENT (To Prospectus Dated May 23, 2023) 1,666,667 Shares   U.S. Physical Therapy, Inc. Common Stock We are offering 1,666,667 shares of our common stock, par value $0.01 per share (“common stock”). Our common stock is listed on the New York Stock Exchange under the symbol “USPH.” On May 24, 20

U.S. Physical Therapy, Inc. (a Nevada corporation) 1,666,667 Shares of Common Stock UNDERWRITING AGREEMENT

Exhibit 1.1 U.S. Physical Therapy, Inc. (a Nevada corporation) 1,666,667 Shares of Common Stock UNDERWRITING AGREEMENT Dated: May 24, 2023 U.S. Physical Therapy, Inc. (a Nevada corporation) 1,666,667 Shares of Common Stock UNDERWRITING AGREEMENT May 24, 2023 BofA Securities, Inc. J.P. Morgan Securities LLC as Representatives of the several Underwriters c/o BofA Securities, Inc. One Bryant Park New

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 23, 2023 U.S. Physical Therap

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 23, 2023 U.S. Physical Therapy, Inc. (Exact name of registrant as specified in its charter) Nevada 1-11151 76-0364866 (State or other jurisdiction of incorporation) (Commission Fi

U.S. Physical Therapy Announces Pricing of $150 Million Underwritten Public Offering of Common Stock

Exhibit 99.2 CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces Pricing of $150 Million Underwritten Public Offering of Common Stock HOUSTON, TX, May 24, 2023 – U.S. Physical Therapy, Inc. (NYSE: USPH) (“U.S. P

The information in this preliminary prospectus supplement is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not offers to sell these securities, nor are they soliciting offers to buy these

TABLE OF CONTENTS Filed pursuant to Rule 424(b)(5) Registration Statement No. 333-272147 The information in this preliminary prospectus supplement is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not offers to sell these securities, nor are they soliciting offers to buy these securities in any jurisdiction where the offer or sale is not

As filed with the Securities and Exchange Commission on May 23, 2023

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on May 23, 2023 Registration No.

Calculation of Filing Fee Tables (Form Type) U.S. Physical Therapy, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities

Exhibit 107 Calculation of Filing Fee Tables S-3ASR (Form Type) U.S. Physical Therapy, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration F

Regulation FD Disclosure, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 16, 2023 U.

U.S. Physical Therapy Elects Nancy Ham to the Board of Directors

Exhibit 99.1 CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Elects Nancy Ham to the Board of Directors Houston, TX, May 16, 2023 – U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USPH), a national operat

Investor Presentation May 2023 Disclaimer 2 Forward Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to opening of new clinics, availability of

Exhibit 99.1 Investor Presentation May 2023 Disclaimer 2 Forward Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included are statements relating to opening of new clinics, availability of personnel and reimbursement environment. The forward-looking statements are based on the Company’s current views and assumptions and the

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 10, 2023 U.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHYSICA

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 4, 2023 U.

U.S. Physical Therapy Reports First Quarter 2023 Results Reports Record-High First Quarter Volume and Adjusted EBITDA Houston, TX, May 3, 2023 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH), a national operator of outpatient phy

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports First Quarter 2023 Results Reports Record-High First Quarter Volume and Adjusted EBITDA Houston, TX, May 3, 2023 – U.S. Physical Therapy, Inc. (“USPH” or the “Co

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 3, 2023 U.

U.S. Physical Therapy to Present at the 2023 Bank of America Healthcare Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the 2023 Bank of America Healthcare Conference Houston, TX, May 4, 2023 – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physi

FORM ARS

Dear U. S. Physical Therapy Shareholder: These past few years our Company has demonstrated an incredible amount of resiliency. In 2020, after the pandemic began to shut everything down, we made the decision that we would keep our facilities open and available for our patients. And while our pandemic volumes dropped dramatically early on (around 55% in physical therapy), we bounced back quickly and

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant ☑ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) ☑ D

U.S. PHYSICAL THERAPY, INC. (“USPH”) DISCRETIONARY LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT FOR 2023 (“Discretionary LTIP”)

Exhibit 99.2 U.S. PHYSICAL THERAPY, INC. (“USPH”) DISCRETIONARY LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT FOR 2023 (“Discretionary LTIP”) Purpose: To incentivize Executives eligible for this Discretionary LTIP to achieve certain strategic, operational, business growth & development and other criteria and reward Executives when such criteria are achieved, and to align the long-term interests o

U.S. PHYSICAL THERAPY, INC. (“USPH”) DISCRETIONARY CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT FOR 2023 (“DISCRETIONARY BONUS PLAN”)

Exhibit 99.4 U.S. PHYSICAL THERAPY, INC. (“USPH”) DISCRETIONARY CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT FOR 2023 (“DISCRETIONARY BONUS PLAN”) Purpose: The purpose of this Discretionary Bonus Plan is to retain and incentivize the Executive Officers of USPH by providing an annual bonus opportunity to the Executives to reward them when certain individual and corporate subjective performance measure

U.S. PHYSICAL THERAPY, INC. (“USPH”) OBJECTIVE CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT FOR 2023 (“OBJECTIVE BONUS PLAN”)

Exhibit 99.3 U.S. PHYSICAL THERAPY, INC. (“USPH”) OBJECTIVE CASH/RSA BONUS PLAN FOR SENIOR MANAGEMENT FOR 2023 (“OBJECTIVE BONUS PLAN”) Purpose: To incentivize and retain Executives eligible for this Objective Bonus Plan to achieve certain corporate earnings criteria and reward Executive Officers of USPH when such criteria are achieved, and to align the long-term interests of Executives and shareh

U.S. PHYSICAL THERAPY, INC. (“USPH”) OBJECTIVE LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT FOR 2023 (“Objective LTIP”)

Exhibit 99.1 U.S. PHYSICAL THERAPY, INC. (“USPH”) OBJECTIVE LONG-TERM INCENTIVE PLAN FOR SENIOR MANAGEMENT FOR 2023 (“Objective LTIP”) Purpose: To incentivize and retain Executives eligible for this Objective LTIP, to achieve certain corporate earnings criteria and reward Executives when such criteria are achieved, and to align the long-term interests of Executives and shareholders of USPH by comp

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 2, 2023 U.S. PHYSICAL THERAPY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 2, 2023 U.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 6, 2023 U.S. PHYSICAL THERAPY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 6, 2023 U.

U.S. Physical Therapy to Present at the Oppenheimer 33rd Annual Healthcare Virtual Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the Oppenheimer 33rd Annual Healthcare Virtual Conference Houston, TX, March 6, 2023 – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of out

U.S. Physical Therapy Announces Acquisition Of Physical Therapy Practice

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces Acquisition Of Physical Therapy Practice Houston, TX, March 1, 2023 – U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USPH), a national operator o

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 1, 2023 U.S. PHYSICAL THERAPY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 1, 2023 U.

The Company’s authorized capital stock consists of 500,000 shares of preferred stock, par value $0.01 per share (the “Preferred Stock”), and 20,000,000 Common Stock.

EXHIBIT 4.1 The Company’s authorized capital stock consists of 500,000 shares of preferred stock, par value $0.01 per share (the “Preferred Stock”), and 20,000,000 Common Stock. The following is a summary of the material provisions of the Company’s Certificate of Incorporation, as amended (the “Certificate of Incorporation”) and Amended and Restated By-laws (the “By-laws”), insofar as they relate

Entity Type

EXHIBIT 21.1 Notes Name DBA Entity Type State of Formation Date of Formation Foreign Qualification General Partner (LP)/BOD (corp)/Manging Member or Board of Managers (LLC) Tax ID 1 On 1 Physical Therapy, LLC LLC DE 1/13/2022 2037953 Ontario, Inc. Corp Canada Briotix Health, LP Ability Health PT Management GP, LLC LLC TX FL Rehab Partners #4, Inc. 81-4216526 Ability Health Services and Rehabilitat

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 28, 2023 U.S. PHYSICAL THE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 28, 2023 U.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHYSICAL THE

U.S. Physical Therapy Reports Fourth Quarter and Full Year 2022 Results Patient Volume Remains Strong Company Provides 2023 Guidance and Raises Dividend Houston, TX, February 28, 2023 – U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USP

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports Fourth Quarter and Full Year 2022 Results Patient Volume Remains Strong Company Provides 2023 Guidance and Raises Dividend Houston, TX, February 28, 2023 – U.S.

U.S. Physical Therapy Reports Fourth Quarter and Full Year 2022 Results Patient Volume Remains Strong Company Provides 2023 Guidance and Raises Dividend Houston, TX, February 22, 2023 – U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USP

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports Fourth Quarter and Full Year 2022 Results Patient Volume Remains Strong Company Provides 2023 Guidance and Raises Dividend Houston, TX, February 22, 2023 – U.S.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 22, 2023 U.S. PHYSICAL THE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 22, 2023 U.

USPH / U.S. Physical Therapy, Inc. / PRICE T ROWE ASSOCIATES INC /MD/ Passive Investment

SC 13G/A 1 usph13gadec22.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 7) U.S. PHYSICAL THERAPY INC (Name of Issuer) COMMON STOCK (Title of Class of Securities) 90337L108 (CUSIP NUMBER) December 31, 2022 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Ru

AGREEMENT JOINT FILING OF SCHEDULE 13G

EX-99.2 2 ex992.htm EX-99.2 AGREEMENT JOINT FILING OF SCHEDULE 13G Kayne Anderson Rudnick Investment Management, LLC (an investment adviser registered under the Investment Advisers Act of 1940), and Virtus Investment Advisers, Inc. (an investment adviser registered under the Investment Advisers Act of 1940) and Virtus Equity Trust (on behalf of Virtus KAR Small-Cap Growth Fund), a Delaware statuto

USPH / U.S. Physical Therapy, Inc. / KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC - NONE Passive Investment

SC 13G/A 1 doc1.htm NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 5)* U S PHYSICAL THERAPY INC /NV (Name of Issuer) Common Stock (Title of Class of Securities) 90337L108 (CUSIP Number) December 31, 2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate t

USPH / U.S. Physical Therapy, Inc. / T. Rowe Price Investment Management, Inc. Passive Investment

SC 13G 1 usph13gdec22.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ) U.S. PHYSICAL THERAPY INC (Name of Issuer) COMMON STOCK (Title of Class of Securities) 90337L108 (CUSIP NUMBER) December 31, 2022 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule p

USPH / U.S. Physical Therapy, Inc. / MORGAN STANLEY - MS INITIAL Passive Investment

SC 13G 1 USPhysicalTherapyUSPH.txt MS INITIAL UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.)* U S PHYSICAL THERAPY INC /NV - (Name of Issuer) Common Stock - (Title of Class of Securities) 90337L108 - (CUSIP Number) December 30, 2022 - (Date Of Event which Requires Filing of this Statement) Check the app

USPH / U.S. Physical Therapy, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv02150-usphysicaltherapyinc.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 5)* Name of issuer: US Physical Therapy Inc. Title of Class of Securities: Common Stock CUSIP Number: 90337L108 Date of Event Which Requires Filing of this Statement: December 30, 2022 Check the appropriate box t

USPH / U.S. Physical Therapy, Inc. / BlackRock Inc. Passive Investment

SC 13G/A 1 us90337l1089012423.txt us90337l1089012423.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 2) U S PHYSICAL THERAPY INC - (Name of Issuer) Common Stock - (Title of Class of Securities) 90337L108 - (CUSIP Number) December 31, 2022 - (Date of Event Which Requires Filing of this Statement) Check the appropria

U.S. Physical Therapy to Present at the 41st Annual J.P. Morgan Healthcare Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the 41st Annual J.P. Morgan Healthcare Conference Houston, TX, January 11, 2023 – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatie

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 11, 2023 U.

U.S. Physical Therapy Announces Acquisition of Thirteen-Clinic Physical Therapy Practice

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces Acquisition of Thirteen-Clinic Physical Therapy Practice Houston, TX, November 30, 2022 ? U.S. Physical Therapy, Inc. ("USPH" or the ?Company?) (NYSE: USPH), a

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 30, 2022 U.

U.S. Physical Therapy to Present at the Stephens Annual Investment Conference and the 14th Annual SouthwestIDEAS Investor Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the Stephens Annual Investment Conference and the 14th Annual SouthwestIDEAS Investor Conference Houston, TX, November 15, 2022 – U.S. Physical Therapy, In

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 15, 2022 U.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-11151 U.S. PHY

U.S. Physical Therapy to Present at the Credit Suisse 31st Annual Healthcare Conference

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy to Present at the Credit Suisse 31st Annual Healthcare Conference Houston, TX, November 7, 2022 ? U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpat

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 7, 2022 U.

U.S. Physical Therapy Reports Third Quarter 2022 Results Houston, TX, November 2, 2022 – U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Reports Third Quarter 2022 Results Houston, TX, November 2, 2022 ? U.S. Physical Therapy, Inc. ("USPH" or the ?Company?) (NYSE: USPH), a national operator of outpatient

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 2, 2022 U.

U.S. Physical Therapy Announces Acquisition Of A Fourteen-Clinic Physical Therapy Practice

CONTACT: U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: [email protected] Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physical Therapy Announces Acquisition Of A Fourteen-Clinic Physical Therapy Practice Houston, TX, November 1, 2022 ? U.S. Physical Therapy, Inc. ("USPH" or the ?Company?) (NYSE: USPH),